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>> barack obama calls for compromise as the u.s. approaches the brink of another economic crisis. in a rare appearance on a u.s. talk show he appealed to congress to make a deal to avoid tipping the country into recession. you're watching al-jazeera live from london. also coming up, 21 policemen are buried in pakistan after being kidnap and shot by the taliban. anger and grief in india. candlelit vigils continue as the 22-year-old gang rape victim is cremated. plus moments of impact -- amateur video captures a russian plane after it overshoots a runway and crashes into a motorway. hello, president obama has made another appeal to the u.s. congress to reach an agreement in the next 48 hours to avoid the so-called fiscal cliff. it's a term used to describe the expiry of tax cuts dating back to 2001. if there is no deal, 88% of americans will end up paying $400 billion more in 2014. that will be coupled with more than a trillion dollars in automatic government spending cuts. according to the congressional budget office it will start with $200 billion in military and social welfare c
be, but why can he not go back to work? >> i cannot answer that. let me ask you another question -- do members of congress read polls? it is a serious question. approvalago, congress' rating was 18%, an improvement over august where it was 10%. if this good deal -- the fiscal could deal -- the fiscal cliff deal. you think during their well- earned christmas break, both sides would find a way to come together and do something. >> this is not the fault of congress. congress is behaving like congress. this is the president's fault here the president needs to go to the country and explain why they need to get this done. he has never done this. >> i have heard him talk about it over and over incessantly about why we have to avoid the fiscal clip. it is the fault of congress. they created this fiscal cliff. they did it. no one else imposed this on them. >> the president has never gone to the nation and made a serious speech about dt. he ignored it the first two years. he appoints a commission that he studiously ignores for the next two years. that is why we are at the clip now. he is n
on $250,000 and above. as rich edson said, this is going to be another deadline in congress has to have. i think everyone needs to get comfortable with the fact that we are going to have these kinds of stopgap last-second deals. gerri: okay, let's get tyler in here too, are republican strategist. is there any common ground can be found here? i mean, this seems to me like a last-ditch effort. let me tell you what it when it was announced today that there was going to be a meeting at 3:00 o'clock from expectations went through the roof. i think people thought something really big was going to happen at the end of the day. the president is saying that he is modestly optimistic. maybe you would be something by december 31. what do you make of it? >> he is modestly optimistic about no new changes here. you know, the country needs a leader. no matter what party you are from, that is what we need. that's what we need in the president of the united states, and we we have a president that gets a bunch of people together and says let's talk about the problem. instead, he just shovels the problem ove
is with putting off sequestration. you're just kicking the can down the road, just another indication congress is broken. we already know this is the least productive congress in history. something like 219 bills passed, at least 40 ins consequential, things like renaming post offices. can you just keep putting things off? at some point don't you have to deal with spending? >> we have to deal with spending and let me tell you when you look at the pentagon for example we could cut at least a hundred billion dollars and not even tamper with our national security. there are many ways to address spending. i serve on the appropriations committee with congressman flake. i understand exactly where he is going with this. when you talk about spending, who has paid, first of all, there has been an unequal investment in the cuts already. defense has not taken any huge cuts. domestic programs have. and so, yes. we have to address spending. but you have to have all things being equal. so we have to take the time to do this. that's why i was very concerned last year when this whole debt ceiling debate took
to congress. a year later in 2011, another fight emerged in congress over the treasury department's request to raise the debt limit. congress battled for months and the economy suffered, resulting in the u.s. losing its aaa credit rating for the first time in history. we were downgraded. what's next? and as part of a last-ditch compromise to avoid default, both sides agreed to $1 trillion in spending cuts and an additional $1.2 trillion in across-the-board cuts that would kick in at the beginning of 2013 unless a bipartisan super committee made up of politicians from both parties could come up with an agreement. that super committee failed, and of course, the country is now facing those self-imposed, massive cuts to defense spending and other programs. fed chair ben bernanke warned that if these cuts went through, and we're looking at a deadline that's 16 hours away, the country risked going over what he called a fiscal cliff. since the president's re-election, he and republicans have traded offers and counteroffers, finding little common ground on tax increases and cuts from entitlements.
to use the money? >> senator, we heard president obama say in an interview that if congress can't get anything done and we go over the fiscal cliff, that plan "d" essentially is to have another vote on january 4th when the new congress comes in, and that would just be a straight up or down vote on extending tax cuts for middle class families making up to $250,000 a year. do you think that's what happens? >> i'm hoping that we resolve this today to give the american people some certainty. the president doesn't seem too eager to actually get involved and find solutions to deal with the number one problem facing our country. if you do what the president just proposed and raise taxes on those folks, it helps fund the government for seven days. it doesn't deal with our fundamental spending problem in this country. bottom line is the president is the only one with a pen who can sign into law something and he ought to be very involved with making sure that he gets something that he will sign that will pass both a republican controlled house and a democrat controlled
tomorrow. and economists believe that we will plunge into another recession. danielle nottingham has more from the white house. >> reporter: members of congress arrived at the capital to work on new year's eve to try to avoid massive tax increases and spending cuts from taking effect in just hours. >> there are a number of issues on which the two sides are still apart. but negotiations are continuing as i speak. >> reporter: sources say both sides are starting to pro mize on which families will keep bush era tax cuts. the president wand families making more than $250,000 to start paying more. democrats are reportedly negotiating to raise that limit. >> let's get this thing done. tonight when the ball drops, let's make sure we haven't also dropped the ball. >> i'm sorry that we are here, on new year's eve, and that we haven't solved this problem long ago. >> reporter: most of the negotiations have been happening behind closed doors. but lawmakers called on the white house. >> senate minority leader mitchell's fish market mcconnell began talking directly with joe biden. >> it seems like the
that kept even most members of congress in the dark. the white house and senate leaders have been trying to beat a deadline they created to stop massive tax increases and automatic spending cuts that could trigger another recession. but one breakthrough did come today. >> i can report that we've reached an agreement on all of the tax -- the tax issues. >> reporter: a genuine compromise on taxes. most notable, rates would go up for couples earning above $450,000 a year. and today the same for everyone else. but they are divided over how much and how soon to cut government spending. and people are frustrated. >> sometimes you wonder, is it all just for show, or, you know, what's really going on behind closed doors? >> reporter: come midnight, your takehome pay shrinks. income taxes go up for everyone. roughly $2,400 next year for a family making 50 to $75,000. the 2% payroll tax break ends, costing an average worker another $1,000 a year. higher taxes on savings and investments. families will pay more on large inheritances. and for those on hard times, out of a job longer than six months,
go over the fiscal cliff, plan d is to have another vote on january 4 when the new congress comes in and that would be a straight up or down vote on extending tax cuts on middle class, families making up to $250,000 a year. do you think that's what happ s happens? >> reporter: i'm hoping that we resolve this today to give the american people some certainty. the president doesn't seem too eager to actually get involved and find solutions to deal with the number one problem facing our country. if you do what the president has just proposed there and raised taxes on those folks, it helps fund the government for seven days. it doesn't deal with our fundamental spending problem in this country. bottom line is the president's the only one with a pen who can sign into law something. and he ought to be very involved with making sure he gets something he will sign that will pass both a republican controlled house and a democrat controlled senate. >> senator, i mean there's been a lot of finger pointing and we even been hearing this for some time now and think a lot of people are looking f
for the alternative minimum tax and it extends unemployment insurance for another year for 2 million americans. this was huge for the democrats. speaking at the white house in front of a group of middle class americans just a few hours ago, the president urged congress to act immediately. >> for now our most immediate priority is to stop taxes going up for middle class families starting tomorrow. i think that is a modest goal that we can accomplish. democrats and republicans in congress have to get this done, but they're not there yet. they are close, but they're not there yet. >> so just an hour after the president made those remarks, senate minority leader mitch mcconnell signaled his agreement with the president after multiple negotiation sessions with vice president joe biden. >> so i agree. let's pass the tax relief portion now. let's take what's been agreed to and get moving. we all want to protect taxpayers, and we can get it done now. >> but not everyone is happy about this deal. senator john mccain spoke just before senator mcconnell on the senate floor. >> i guess i have to wonder, a
they stand. that's pretty much the bottom line. let me ask, the form bill, another big concern, top congressional leaders say they have reached a deal. but yet to vote on an extension. if congress fails to act, well, an impact at the grocery store, people will be paying more for milk and now that they're getting more taken out of their paychecks, that's going to hurt too, right? >> right. what this is being called is the dairy cliff. the agricultural secretary said over the weekend if congress fails to do something, consumers will have to face this big spike in what they pay for milk and other dairy products, so i'm talking about $7 or more for a gallon of milk. your eyes pop out. what would happen is the government's dairy subsidy expires in the new year. if a new bill isn't passed or the most recent one isn't extended, the formula that is used for calculating what the government pays for those products defaults all the way back to a 1949 statute and what that would wind up doing is forcing the government to buy milk at twice today's prices, which would then be passed on to consume
differences between the two sides. >> jeff: a divided congress reconvene for 11th hour negotiations. nancy cord cess on capitol hill. >> failure to act could force the economy back into recession. an uneasy wall street is much wag. >> another death today after the crash of a russian jetliner. barry peterson has the new video that captures the moment of impact. >> and icy rescue, carter evans shows us what happened when good samaritans in california headed for thin ice. >> give me the rope. >> now. captioning sponsored by cbs this is the "cbs evening
is another speech from me but i do need to talk about the progress that is being made in congress today. for the last few days leaders in both parties have been working toward an agreement. preventing that tax hike has been my top priority. the last thing folks can afford is to pay an extra $2,000 in taxes next year. middle-class families cannot afford it. businesses cannot afford. our economy cannot afford. it appears that an agreement to prevent this new year's tax hike is within sight. it is not done. there are still issues left to resolve. we are hopeful that congress can get it done. make sure that we emphasize to congress and that members of both parties understand that all across america this is a pressing concern. the potential agreement that is being talked about with not only make sure that taxes do not go on middle- class families it also would extend tax credits for families with children. it would extend our tuition tax credit that has helped millions of families pay for college. it would extend tax credits for clean energy companies that creating jobs and reducing our de
to congress, though, he did say he expects to take what he called extraordinary measures to extend the government's borrowing ability for another two months or so. and even your cup of coffee wants a deal on the fiscal cliff. baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of bipartisanship to their drink orders and remind customers in our nation's capital to come together. >> wall street is typically quieter this time of year. of course, this last week of 2012 was marked by investor concerns over congress' new year's eve plans and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset management. nice to see you. happy new year. do you have two plans for 2012, one that includes the fiscal cliff and one that doesn't? how do you prepare for the new year as an investor? >> pretty much. i mean, the outcome, if there is some type of healthy resolution to the fiscal cliff, even if they defer it for a week or two but come up with some healthy resolution, i think it bodes r
but in this congress, unfortunately. but giving up is not an option for us. we have another 13 hours as has been pointed out if we can reach agreement, if we can have a unanimous consent in the senate i think there is still time to act but of course it's running out very, very quickly. >> how is the mood? do you feel good about this? or do you believe we'll go over the cliff here? >> well, i'm still hopeful. while we're here all the members are in washington, ready to act. the issue is whether or not we can come to a consensus. the administration in my opinion continues to try to make offers that will get to an agreement. unfortunately, as was pointed out in your earlier report, even a million dollars seemed unacceptable to the republican conference just a few days ago. the president is not going to go there. we're not going to go there. the american people don't think we ought to go there. what the american people want to make sure is that working americans, middle class americans, don't get a tax hike tomorrow. that's been our objective. we have continually offered to vote on a bill if the rep
that this congress has to consider, is that the lebanese army itself has to be strengthened. we -- can i have another half minute. mr. engel: i yield the gentleman another minute. the speaker pro tempore: the gentleman is recognized for one minute. mr. kucinich: we have to look at the implications of this. if you have european countries who are essentially part of the unifil presence in south lebanon in furtherance of a u.n. resolution to end the hostilities between hezbollah and israel, to create safety for both the people of israel and the people of lebanon. we've got to be very careful here that we don't create a situation that is the opposite of what we are trying to achieve. and if this resolution passes, and unfortunately i am not going to be able to support it, if it passes we have to do something to strengthen the lebanese army because if the lebanese army is not strong enough then you have a situation where the very thing we are opposing here could come to pass and with great force. so i would just urge your consideration of that and i thank you very much for giving me an opportunity to put
on and on and on. he is right. and we have one deadline after another. this big fight -- congress for ten or 15 years has set us into this frenzy of deadline after deadline after deadline. 11th hour. >> it's not good. if your taxes might go up next year, what about your fwroshry bill? the deal that could affect milk prices coming up next. you're watching "starting point." ♪ aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> ahead on "starting point," the latest on the fiscal cliff negotiations. we'll ask one house member if he expects to be voting on a deal today. next, utah congressman jason chaffetz. and is the kardashian clan about to get bigger? the new year's news you had to have. kim and kanye west, they respond to the pregnancy rumors. >>> breaking news, everyone. you're watching "starting point." so i switched my car insurance to state farm... saved $480 bucks. you know what that is? yeah.
thing you want it hear own new year's eve, is another speech from me. but i do need to talk about the progress that's being made in congress today. for the last few days, leaders in both parties have been working toward an agreement that will prevent a middle class tax hike from hitting 98% of all-americans starting tomorrow. preventing that tax hike has been my top priority. because the last thing folks like the folks up here on the stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it. businesses can't afford it. our economy can't afford it. now today it appears an agreement to prevent this new year's tax hike is within sight. but it is not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. and so, part of the reason that i wanted to speak to all of you here today is to make sure that we emphasize to congress and that members of both parties understand that all across america, this is a pressing concern on people's minds. now, the potential agreement that's bei
grandfather's congress. by that i think what he meant was you could actually get in the room with another old-school partner and shake hands and have that handshake actually mean something, meaning your caucuses would be with you. you could craft a deal and actually have your troops marching behind you. that certainly wasn't the case with john boehner. so i think in that room they're probably bemoaning how hard they have to work to actually line up all these pieces to get their troops behind them and, frankly, they can't know whether those troops are going to be there, especially in the house. but that's probably the way they've been operating. >> jared bernstein, thank you very much for coming on. help new y help new year. >> same to you, jonathan. stay with us. ing. ring. progresso. i just served my mother-in-law your chicken noodle soup everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. we can afford to take an extra trip this year. first bosto
is with us here in congress. any decision can be overridden by a joint resolution. every provision of the act is familiar to the senate -- in fact, at one time or another nearly every feature of this plan has been offered by both republicans and democrats, including president obama and speaker boehner. all i have done is pooled them together -- a compassionate alternative to what happens if we go over the fiscal cliff. true, from the very beginning i have favored a comprehensive solution to put our fiscal house in order. something along the lines of the bowles-simpson planned. perhaps this will not only soften the blow, but also give us a sense of urgency about a grand bargain to repair our fragile house. i'm not so naive as to believe everybody will check their politics at the door. even at this late hour. but this is not a time for politicking, bickering, or partisan games. to allow the country to plunge over the fiscal cliff without any alternative plans to solve -- soft and the landing is completely unacceptable. i cannot think of anything more irresponsible than to let this great country
. >>> we're also following another major story this morning. we're no longer counting the days but the hoursntil we reach the fiscal cliff. congress goes back to work in a few hours. at the last minute, the vice president is getting involved. we're going to have the latest on those talks ahead. >>> right now, at 6:00, here it is. already 2013 in auckland, new zealand. this is a live look there right now. they are the first to ring in this new year. >> exciting. >> very exciting. happy new year. >> happy new year to you too and everyone out there in new zealand. >> beautiful fireworks. it's 6:00, 6:01. it's pretty chilly here. if you have to go to work this morning, bundle up for your commute. storm team 4 meteorologist veronica johnson has the forecast. >> bundle up for sure. the current temperatures there. but look at the windchill readings. they're 5, 6, 7 degrees lower than the actual air temperature. it's not taking much. only a wind of 5 to 10 miles per hour. for this area now, it's a westerly wind. again, it's bringing the numbers down. sandy spring windchill reading at 2
they are sending to congress. so, these are duly elected people who represent districts and just because somebody in one district vote as certain way that somebody in another district doesn't like --. adam: you lose nothing. you're done. you lose nothing by speaking truth to the other 434 members. what would you say to them? >> well, i think that we have shown, historically, not just this year but every the decades that congress is not good except if there's a deadline the reason the fiscal cliff exists we pushed until the end of the year this harmonic convergence of tax increases and spending cuts that are unpalatable to force action. otherwise congress would never get it done. that is speaker boehner's leverage with the debt ceiling. so i think we could do a lot better with the type of people that we're electing to congress, moving away from the extremes and bringing more centrists who can work together. i could give you a long speech about that when you combine those two things, you don't get a great work product. adam: congressman jason altmire, you mentioned harmonic convergence that happens
to hear on new year's eve is another speech from me, but i do need to talk about the progress that's being made in congress today. for the last few days, leaders in both parties have been working toward an agreement that will prevent a middle class tax hike from hitting 98% of all americans starting tomorrow. preventing that tax hike has been my top priority because the last thing folks like the folks up here on this stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it. businesses can't afford it. our economy can't afford it. now, today it appears that an agreement to prevent this new year's tax hike is within sight, but it's not done. there are still issues left to resolve, but we're hopeful that congress can get it done. but it's not done. so part of the reason that i wanted to speak to all of you here today is to make sure that we emphasize to congress and that members of both parties understand that all across america this is a pressing concern on people's minds. now, the potential agreement that's being talked about would not o
or democrats in congress. i think people will say, that makes sense because that's what the economy needs right now. so one a or another, we'll get through this. do i wish that things were more orderly in washington and rational and people listen to the best arguments and compromised and operate in a more thoughtful and organized fashion? absolutely. and when you look at history, that's been the exception rather than the norm. >> my interview with president obama. coming up, reaction to the interview and what it tells us about what his second term will look like. joining me, nbc's tom brokaw, presidential historian doris kerns goodwin, executive at random house, jon meacham, david brooks of "the new york times" and our political director and chief white house correspondent, chuck todd, all coming up next. . and we get back up. strength and determination are human too. so are dinner dates and birthday cake. introducing the new weight watchers 360 program. built for human nature so you can expect amazing. ♪ on top of the world right now ♪ join for free and expect amazing. because it works. we
on the part of either the president or democrats in congress. i think people will say, that makes sense. because that's what the economy needs right now. so one way or another, we'll get through this. do i wish that things were more orderly in washington and rational and people listened to the best arguments and compromised and operated in a more thoughtful and organized fashion? absolutely. but when you look at history, that's, that's been the exception rather than the norm. >> my interview with president obama. coming up, reaction to the interview. and what it tells us about what his second term will look like. joining me, nbc's tom brokaw, presidential historian, doris kearns goodwin, executive editor at random house, jon meacham. david brooks of the "new york times," and our political director and chief white house correspondent, chuck todd, all [ male announcer ] we all make bad decisions. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the go
, that's a really partisan agenda on the part of either the president or democrats in congress. i think people will say, that makes sense. because that's what the economy needs right now. so one way or another, we'll get through this. do i wish that things were more orderly in washington and rational and people listened to the best arguments and compromised and operated in a more thoughtful and organized fashion? absolutely. but when you look at history, that's, that's been the exception rather than the norm. >> my interview with president obama. coming up, reaction to the interview. and what it tells us about what his second term will look like. joining me, nbc's tom brokaw, presidential historian, doris kearns goodwin, executive editor at random house, jon meacham. david brooks of the "new york times," and our political director and chief white house correspondent, chuck todd, all coming up next. >>> coming up, reaction to my roundtable, you just heard the president lay out his big agenda items for the second term, immigration, economy, energy, middle class tax cuts, not to mention gu
less than 24 hours away but the white house and congress still remain at odds over key issues such as creating an income threshold for raising taxes. leaders were able to agree on one thing, extending the farm bill for another year. that means that the price of milk is no longer at risk of reaching $7 a gallon. president obama says gop leaders have rejected his proposals to make a comprehensive deal. republicans say they are willing to work together. and president obama says december 14th, 2012, thats with the worst day of his tress densey. that is the day a gunman shot and killed 26 people at sandy hook elementary school in newtown, connecticut. most of them were children. and in an interview with nbc's meet the press, the president reaffirmed his commitment to new gun control legislation. the president says he still supports increased background checks as well as bans on assault weapons and high capacity bullet magazines. mr.obama also expressed skepticism about proposals to place armed guards in schools as a response to the shooting tragedy. >>> still ahead at 6 clark the l
percent bonus depreciation would be extended for another year. the president at an event at the white house with working-class middle-class families, urging them to keep up the pressure on the members of congress to get to sequester finish line. >> as the president just said, we are very close to an agreement. we need to protect american families and job creators from this looming tax act. everyone agrees that action is necessary. i can report that we reached an agreement on all of the tax issues. >> obviously that was not the president. that was the republican leader has been negotiating with vice-president biden to get this thing done, get a from work done behalf of the president. >> it seems that those two were getting some action done. >> this is the way it has worked with these last minute deals, the debt ceiling and others. longtime friends. they knew each other obviously in the senate. more than 20 years. and so he said yesterday he could not get anything done with the democratic leader harry reid and needed to find a willing dance partner. he said he was going to call joe bide
to the treasury secretary. congress will have to come back to the drawing table again and say, we will raise the debt ceiling if we show how we're going to get our spending under control, and you have another fight ala the sequester and all this again. the debt ceiling and the fiscal cliff are two things wrapped into one, which is so important. if you don't deal with the debt ceiling and push the sequester off again and again, you'll keep having these sort of fiscal cliffesque fights over and over again. it shows how complicated the american budget process is. some would say broken. >> it's a good point, chris tin. i want to bring back wolf. senator tom harkin earlier today said that no deal is better than a bad deal. how likely is it that congress, the senate and house side will pass this? >> i think that there will be liberals who will reject this deal, whenever the deal finally emerges. some liberal democrats in the senate, maybe senator tom harkin, for example. some conservatives will reject it because the top 2% see those earning more than $450,000 see their taxes go up. they might reje
realize that the last thing you want to hear on new year's eve is another speech from me. but i do need to talk about the progress that's being made in congress today. for the last few days leaders in both parties have been working toward an agreement that will prevent a middle class tax hike from hitting 98% of all americans starting tomorrow. preventing that tax hike has been my top priority because last thing folks like the folks up here on this stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it, businesses can't afford it, our economy can't afford it. today it appears that an agreement to prevent this new year's tax hike is in sight but it's not done. there ues left to resolve, but we are hopeful that congress can get it done. but it's not done. and so part of the reason that i wanted to speak to all of you here today is to make sure we emphasize to congress and that members of both parties understand that all across america this is a pressing concern on people's mind. the potential agreement that's being talked about would
the debt ceiling. maybe another fight in 2013 and lessons learned of the last one for the republicans there. james hohmann, thank you for joining us. >>> up next, what to do when you don't do anything. what congress is up to beginning the slow descent off the cliff. [ female announcer ] want younger looking eyes that say wow with olay, here's how. new regenerist eye and lash duo the cream smooths the look of lids... softens the look of lines. the serum instantly thickens the look of lashes. see wow!... eyes in just one week with olay. >>> one thing we can count on with respect to this congress is that if there's even one second left to do before what you're supposed to do they'll use that last second. >> did you know that congress actually went in to work yesterday? >> what? >> i know what you're thinking. work and congress in the same sentence? my mind is blown. and while you might think they're hard at work to avoid, i don't know, a huge fiscal crisis, here's a look at what congress actually did while they weren't working on the fiscal cliff. the senate confirmed two of the president's ap
partisan agenda on the part of either the president or democrats in congress. i think people will say, that makes sense because that's what the economy needs right now. so one way or another, we'll get through this. do i wish that things were more orderly in washington and rationale and people listened to the best arguments and compromised and operate in a more thoughtful and organized fashion? absolutely. but when you look at history, that's been the exception rather than the norm. >> my interview with president obama. coming up, reaction to the interview and what it tells us about what his second term will look like. joining me, nbc's tom brokaw. presidential historian doris goodwin, john meachum, david brooks of the "new york times" and chuck todd. all coming up next. >> i think most of the blame still has to go to the republicans. they've had a brain freeze since the election. they have no strategy. they don't know what they want, and they haven't decided what they want. but if i had to fault president obama, i would say sometimes he has governed like a visitor from a morally supe
i realize that the last thing you want to hear on new year's eve is another speech from me. but, but i do need to talk about the progress that is being made in congress today. for the last few days leaders in both parties have been working toward an agreement that will prevent a middle class tax hike from hitting 98% of all americans starting tomorrow. preventing that tax hike has been my top priority because the last thing folks like the folks up here on this stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it, businesses can't afford it, our economy can't afford it. now today it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are sill issues left to resolve but we're hopeful that congress can get it done. but it's not done and so part of the reason i wanted to speak to all of you here today is make sure we emphasize to congress and that, members about of both parties understand that all across america this is a pressing concern on people's minds. now, the potentia
this in another year, how serious could this eventually become? >> reporter: you know, it's an important question. forever and a day is a great way to put it because, yeah, i mean, congress has been doing this annually, picking it, fixing it as an afterthought. they've got to put it permanently in the tax code. and i'll tell you something, even on top of that we know that a number of obamacare taxes kick in, five of them. that's costing $36 billion of payroll tax increase will come into effect and hit the middle class. 70 separate tax breaks expire, that could effect the middle class too. but it's this one that's most serious because the mitt middle class will find that it's an unexpected tax wol lop that they've got to be careful. for secretary treasury geithner warning about it, we're going to be staying up-to-date. right now there may be a permanent fix to the amt protecting the middle class going forward. david: e. mac, thank you very much. liz: despite a short-term deal, the farm bill, yeah, the farm bill may not be approved before year's end. could $8 milk be in store? david: and he was beh
are release iing special report on the terrorist attack that killed the u.s. ambassador. another scathing assessment of the state department and its failure to protect the u.s. consulate in benghazi. we're expecting to hear from a number of members of congress there in just a little while. our foreign affairs correspondent is also monitoring that and she'll get back to us with a report as events merit. >>> you have probably never heard of the office of congressional ethics. it's an office you should be concerned about because it's one of the most important watchdogs in washington. it investigates possible wrong doing by members of congress. now the office of congressional ethics is in danger of being eliminated. >> what is outrageous about it is you see members of congress on both sides saying they have zero tolerance for unethical contact conduct, but they are trying to kill the one body in congress that's trying to seriously go after unethical members. >> reporter: melanie sloan is the director of crew. she's talking about the office of congressional ethics, the only government body out
less. gregg: congress can handle it individually because the president signed an executive order giving them all pay raises. >> it's true. gregg: unbelievable. heather. heather: coming up president obama facing another key test as he approaches the start of his second term. the ongoing battle now turning to america's ports, as a strike deadline fast approaches. doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted last week is kind of a symbol of what is threatening unions all across the nation, right? >> it really is heather, the longshoreman have been threatened by automation. it takes one longshoreman to do a job in the early 1960s it took three men to do. as automation has increased the longshoreman's union demanded their job security be plea served. the shipping industry worked out a deal where longshoreman would be paid a fee based on the weight of every container this a ship carries. but the industry finds it prohibitive lee expensive. >> antiquated work rules we've seen in it automotive industry, in the steel industry where
that the last thing you want to hear on new year's eve is another speech from me. but i do need to talk about progress that is being made in congress today. for the last few days, leaders of both parties have been working on an agreement that will prevent the middle-class tax hikes hitting 90% of all americans starting tomorrow. preventing that tax hike has been my top priority. it is the last thing that folks like who are appear on this stage can afford right now, to pay an extra $2,000 in taxes. the middle class taxes cannot afford it -- middle-class families cannot afford it, and our economy cannot afford it. today it appears that an agreement to prevent this new year's tax hike is within sight. but it is not done. there are still issues left to resolve, but we are hopeful that congress can get it done. but is not done. so part of the reason i want to speak to all of you today is to make sure that we emphasize the congress and members of both parties understand that all across america this is a pressing concern on people's minds. now, the potential agreement that is being talked about woul
. somehow washington never gets the message, and here we are 30 years later on the brink of another crisis on new year's eve, still addicted to spending money. >> madame speaker the american people are looking at congress with distain and rightfully so. with the deadline on the fiscal cliff only hours away we've failed to reach a reasonable compromise to move the economy forward and ward off painful tax hikes on the middle class. >> reporter: so everybody is waiting to see if the senate can reach a deal on the fiscal cliff. it's not entirely clear when the house would act. i talked to a key leadership aide who he said if the senate passes a deal we could certainly signal that we will take it up perhaps tomorrow morning and that would keep everybody calm, but first things first, they need a deal, jon. jon: by my calculation they have less than 13 hours to accomplish that. mike emanuel, thank you. >> reporter: thank you, sir. jon: let's take a look at the dow with all this fiscal cliff nonsense going on. it's up, actually about 8 points right there as you can see. still down below 13,000, th
cliff draws to within hours. unless aan agreement and reached and approved by congress by midnight, $500 billion in tax increases will begin to take effect and more than $100 billion will be cut from defense and entitlement programs. some analysts warn that could trigger another recession. >>> a quick roundup of what has you talking online. 2012 has been a huge year for movies but christian slater starred in playback with horrible returns that cost $7.5 million to produce but earned only $264. the dubious distinction of making the least money of any movie this year. jessica simpson is pregnant and proud, self portrait of her baby bump on twitter sunday. the second child for the star and fichlt and fiance eric johnson. >>> oakland boys saying amazing grace for george h.w. bush sunday. former president was moved out of intensive care at a houston hospital. ♪ i once was lost but now i'm found was blind ♪ >> first lady barbara bush called the band one of her husband's favorites and asked them to serenade him while he was in the hospital suffering from bronchitis and other related issues.
to democrats that -- and to the broad congress but mostly his own party that this is filled with measures that would appeal to their own voters, and they could live to fight the right of their priorities that are in this package another day. then there was a lot of red meat in his speech. at one point, he said some words that are getting now some attention, some criticism from republicans who thought it was quite partisan. he accused republicans of trying to, quote, shove spending cuts down -- well, shove spending at us. a bit of a dig. and so this is a part of it would seem a pr effort to wage blame -- lay blame on the republicans in case this fails. the president trying to get as much distance from this and laying this as a congressional effort, not a white house effort, but a congressional effort, again, in case this fails before -- and we go over the cliff, wolf. >> over at the white house, do you have any idea when the senate might be taking up this, have a roll call on whatever deal might be emerging? >> reporter: i don't, but i have a feeling we should try checking in with dana bas
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